Learn more about the state and trends in international carbon markets "State and Trends of Carbon Pricing: International Carbon Markets
Learn more about the state and trends in international carbon markets "State and Trends of Carbon Pricing: International Carbon Markets
Find out more
Supporting Countries to Build the Next Generation of Climate Markets-background

Supporting Countries to Build the Next Generation of Climate Markets

Our Work
Our Work icon

Our Work

Article 6 of the Paris Agreement recognizes that countries may voluntarily cooperate with each other to deliver on their NDCs and raise ambition. Effectively, this Article introduces the use of carbon markets globally. Article 6.2 signals flexibility for and permits direct bilateral or plurilateral cooperation for the generation and transfer of mitigation outcomes (MOs) from one country to another under a variety of mechanisms. Article 6.4 will likely be governed by the Parties through the UNFCCC process

Piloting different approaches can help shape a common understanding of key technical elements
Climate Warehouse icon

Climate Warehouse

The Climate Warehouse program prototypes, tests, and develops digital infrastructure to foster greater transparency, trust, and integrity in the carbon markets. Successfully prototyped and tested elements of the digital infrastructure will be operationalized to build the market infrastructure. Examples include the launched metadata platform to connect and aggregate registry information (the Climate Action Data (CAD) Trust), digital MRV systems, national carbon registries, tokenization instruments, and a one-stop resource platform that enhances knowledge-sharing and capacity-building.

Climate Market Club icon

Climate Market Club

The Climate Market Club (or "Club") is a group of national governments and non-sovereign members that agree on common principles and jointly develop modalities for piloting activities under Article 6.2 of the Paris Agreement.

 

The objective of the Club is to serve as a forum for discussion and consensus on how different elements of Article 6.2. of the Paris Agreement can be piloted.

MAAP icon

MAAP

The Mitigation Action Assessment Protocol (MAAP) is proposed as a key tool for evaluating the risks and performance of climate actions and policies.

 

MAAP has four modules that focus on project or program-level assessments, specifically in relation to mitigation action design, capacity of the management entity, financial sustainability of the mitigation activity, and development benefits….

An Open Source Database to Help You Design and Develop Climate Actions-thumbnail
An Open Source Database to Help You Design and Develop Climate Actions
Play Video
MDB Working Group icon

MDB Working Group

The MDB Working Group

 

on Article 6 of the Paris Agreement (MDB WG) is a group of multilateral development banks (MDBs) that are working on the design and piloting of carbon market and non-market mechanisms under Article 6 of the Paris Agreement.

Digital 4 Climate

Digital For Climate (D4C) is a collaboration between the European Bank for Reconstruction and Development (EBRD), United Nations Development Program (UNDP), United Nations Framework Convention on Climate Change (UNFCCC), European Space Agency (ESA),  International Emissions Trading Association (IETA) and World Bank Group that aims to coordinate respective workflows and create a modular and interoperable end-to-end digital ecosystem for the carbon market. The overarching goal is to support a transparent, high integrity global carbon market that can channel capital for impactful climate action and low-carbon development.


 

Bonn Climate Change Conference SB 58 Side Events-thumbnail
Bonn Climate Change Conference SB 58 Side Events
Play Video